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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1.

Multiple Choice Questions

1. What do the authors argue is the primary incentive for not soliciting a prostitute?
(a) The fear of going to jail.
(b) The fear of paying a large fine.
(c) The fear of public ridicule.
(d) The fear of losing one's family.

2. What did the authors of FREAKONOMICS consider doing for six minutes?
(a) Writing a book on a single theme.
(b) Writing a novel.
(c) Falsifying all their data.
(d) Giving up.

3. Which of the following is an action that Gyges undertakes in the story that ends Chapter 1?
(a) He feeds an entire village.
(b) He sleeps for twenty years.
(c) He murders the king.
(d) He starts a war.

4. In his introduction, what does Levitt say he wants to replace with honest assessment?
(a) Social bias.
(b) Moral posturing.
(c) Dogma.
(d) Conventional wisdom.

5. By what percentage did violent crime drop between 1995 and 2000?
(a) 50%.
(b) 25%.
(c) 60%.
(d) 15%.

Short Answer Questions

1. What is the central action of economics?

2. How does Paul Feldman view humanity as a result of his business records?

3. According to Paul Feldman's records, when are people least honest?

4. In New York City, what did analysts credit with the precipitous drop in violent crime?

5. In 1987, why did many people stop claiming fake children on their tax returns?

(see the answer key)

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